The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually. The lowest paid 10% of insurance agents earned less than $26,120 annually.

How do insurance sales agents get paid?

Insurance Agents get paid a commission (percentage of your premium) from your insurance carrier. You do not pay insurance agents directly. Instead, every time you make a premium payment, the insurance carrier pays the set commission rate to the agent or agency.

Is selling insurance a good paying job?

Earning Potential for Insurance Agents Is High Even better, this is only the average income for all insurance agents, and the top-earning potential is much, much higher. In fact, the highest paid 10% of insurance agents earn more than $119,970.

How much does an insurance sales rep make?

What is the Pay by Experience Level for Insurance Sales Representatives? An entry-level Insurance Sales Representative with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $29,122 based on 63 salaries.

How much do insurance sales agents make in Arizona?

Employees with Insurance Sales Agent in their job title in Phoenix, Arizona earn an average of 4.0% more than the national average. These job titles also find higher than average salaries in Tampa, Florida (3.8% more) and San Antonio, Texas (2.0% more).

What’s the average salary for an insurance agent?

Reported salaries are highest at Geico where the average pay is $41,714. Other companies that offer high salaries for this role include Liberty Mutual Insurance Group and Allstate, earning around $35,375 and $31,916, respectively. Allstate Insurance Company pays the lowest at around $26,500.

What does it mean to be an insurance sales agent?

An insurance sales agent is a person who helps individuals choose a policy that most closely fits their needs. The sales agent will typically represent and work for an individual company, but independent agents who represent many smaller insurance entities exist as well.